As General Electric Co (GE) Market Valuation Declined, Holder Lucas Capital Management Upped Holding; Blume Capital Management Has Raised Its Walt Disney (DIS) Stake by $841,820; Stock Value Declined

January 23, 2018 - By Marie Mckinney

Russell Lucas increased its stake in General Electric Co (GE) by 18.8% based on its latest 2017Q3 regulatory filing with the SEC. Lucas Capital Management bought 17,921 shares as the company’s stock declined 7.64% while stock markets rallied. The hedge fund run by Russell Lucas held 113,261 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $2.74M, up from 95,340 at the end of the previous reported quarter. Lucas Capital Management who had been investing in General Electric Co for a number of months, seems to be bullish on the $145.95 billion market cap company. The stock increased 4.08% or $0.66 during the last trading session, reaching $16.83. About 66.61M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since January 23, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Blume Capital Management Inc increased its stake in Walt Disney (DIS) by 21.79% based on its latest 2017Q3 regulatory filing with the SEC. Blume Capital Management Inc bought 8,590 shares as the company’s stock declined 2.31% while stock markets rallied. The institutional investor held 48,014 shares of the television services company at the end of 2017Q3, valued at $4.73M, up from 39,424 at the end of the previous reported quarter. Blume Capital Management Inc who had been investing in Walt Disney for a number of months, seems to be bullish on the $165.76B market cap company. The stock decreased 1.02% or $1.131 during the last trading session, reaching $109.969. About 4.33M shares traded. The Walt Disney Company (NYSE:DIS) has risen 9.26% since January 23, 2017 and is uptrending. It has underperformed by 7.44% the S&P500.

Among 38 analysts covering The Walt Disney Company (NYSE:DIS), 22 have Buy rating, 3 Sell and 13 Hold. Therefore 58% are positive. The Walt Disney Company had 145 analyst reports since July 24, 2015 according to SRatingsIntel. Macquarie Research upgraded the shares of DIS in report on Wednesday, August 10 to “Outperform” rating. The rating was maintained by BMO Capital Markets with “Sell” on Wednesday, November 22. As per Wednesday, June 21, the company rating was maintained by Morgan Stanley. The stock of The Walt Disney Company (NYSE:DIS) has “Mkt Perform” rating given on Friday, April 7 by FBR Capital. The rating was maintained by RBC Capital Markets on Friday, September 15 with “Buy”. The stock has “Buy” rating by Drexel Hamilton on Thursday, January 14. The stock has “Neutral” rating by Guggenheim on Thursday, October 12. The company was maintained on Friday, August 28 by FBR Capital. Credit Suisse maintained it with “Outperform” rating and $120 target in Tuesday, August 11 report. Credit Suisse maintained the stock with “Buy” rating in Friday, September 8 report.

Blume Capital Management Inc, which manages about $302.15 million and $189.08M US Long portfolio, decreased its stake in Eaton Vance Ltd Duration (EVV) by 53,359 shares to 4,200 shares, valued at $59,000 in 2017Q3, according to the filing. It also reduced its holding in Antero Resources Corp (NYSE:AR) by 143,075 shares in the quarter, leaving it with 8,550 shares, and cut its stake in General Motors (Call) (NYSE:GM).

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.20, from 1.09 in 2017Q2. It worsened, as 90 investors sold DIS shares while 649 reduced holdings. 95 funds opened positions while 563 raised stakes. 898.84 million shares or 2.35% less from 920.44 million shares in 2017Q2 were reported. Smithbridge Asset Inc De invested 1.12% in The Walt Disney Company (NYSE:DIS). Alpha Windward Limited Liability Co holds 0.15% or 2,390 shares. Madison Holding invested in 0.19% or 105,049 shares. Cohen Klingenstein Ltd Liability Corp, New York-based fund reported 335,596 shares. Copeland Capital Management Ltd Llc owns 41,162 shares. Thomas J Herzfeld Advsr, a Florida-based fund reported 769 shares. New York-based Douglass Winthrop Advisors Limited Liability Corporation has invested 2.48% in The Walt Disney Company (NYSE:DIS). Barrington Strategic Wealth Management Grp Limited Liability invested in 1.25% or 25,157 shares. Boston Common Asset Limited Liability Corporation holds 1.03% or 83,603 shares in its portfolio. Buckhead Capital Ltd Liability Corporation reported 43,868 shares or 0.93% of all its holdings. Marco Investment Mngmt holds 0.7% or 45,422 shares in its portfolio. Toth Advisory invested in 69,348 shares or 1.73% of the stock. Aull Monroe Invest Mgmt, Alabama-based fund reported 18,563 shares. Northeast Investment has 2.64% invested in The Walt Disney Company (NYSE:DIS). Blackrock holds 0.44% or 88.56 million shares.

Lucas Capital Management, which manages about $757.48 million and $111.59 million US Long portfolio, decreased its stake in Noble Energy Inc (NYSE:NBL) by 32,300 shares to 10,700 shares, valued at $303,000 in 2017Q3, according to the filing. It also reduced its holding in Concho Resources Inc (NYSE:CXO) by 3,600 shares in the quarter, leaving it with 1,900 shares, and cut its stake in Hess Midstream Partners Lp.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It dived, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Argent Trust accumulated 117,629 shares or 1.12% of the stock. Rnc Management Ltd Co holds 0.12% in General Electric Company (NYSE:GE) or 65,625 shares. Carlton Hofferkamp Jenks Wealth Mgmt Ltd Co holds 1.29% of its portfolio in General Electric Company (NYSE:GE) for 83,309 shares. Davidson And Garrard holds 1.85% in General Electric Company (NYSE:GE) or 324,890 shares. Commonwealth Commercial Bank Of Australia owns 1.07 million shares for 0.25% of their portfolio. Bbva Compass Commercial Bank invested 0.37% in General Electric Company (NYSE:GE). Wealthcare Cap Mngmt Limited Liability owns 1,422 shares. Wade G W holds 1.09% of its portfolio in General Electric Company (NYSE:GE) for 370,549 shares. Connors Investor Ser has invested 0.13% in General Electric Company (NYSE:GE). Milestone Grp Inc Inc accumulated 10,664 shares. Peddock Capital Advsr Ltd Llc holds 15,164 shares or 0.19% of its portfolio. Sumitomo Mitsui Asset Co Limited invested in 0.29% or 758,416 shares. Independent accumulated 1.07% or 106,169 shares. Tradition Capital Mgmt Lc invested in 98,024 shares. 560,775 were reported by Torray Ltd Liability.

Since August 8, 2017, it had 2 buys, and 1 insider sale for $4.48 million activity. $2.46M worth of General Electric Company (NYSE:GE) shares were bought by TISCH JAMES S. On Wednesday, August 9 Comstock Elizabeth J sold $633,375 worth of General Electric Company (NYSE:GE) or 24,693 shares.

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